The Academic Staff Union of Universities (ASUU) has agreed to call off its eight-month strike which has grounded academic activities in the public universities since March.
The union leadership reached the consensus during a meeting on Friday in Abuja, with the government team led by the Minister of Labour and Employment, Dr Chris Ngige.
The government also pledged to pay 40 billion naira as the Earned Allowance and 30 billion naira for the revitalization of the university system bringing the total payment to 70 billion naira
The Federal Government further agreed to settle the arrears of salaries of the lecturers before December 31.
This is happening one week after the Federal Government accepted the demand by the ASUU that they be exempted from the Integrated Payroll and Personnel Information System.